2024 STD to NGN Historical Review

YEARLY HIGH

0.0761 NGN

YEARLY LOW

0.0386 NGN

YEARLY AVERAGE

0.0660 NGN

2024 STD to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the STD to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on November 22, valuing the pair at 0.0761. Conversely, the yearly low was recorded on January 17, dropping to 0.0386.

This high-to-low spread represents a total annual volatility of 0.0376 NGN. From a start-to-finish perspective, comparing the January average rate of 0.0409 to the December average rate of 0.0705, the exchange rate registered a net change of 72.33% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0761 was up 88.88% compared to the 2023 peak of 0.0403, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 STD based on timing:

Yearly Peak High 381 NGN

2023 Average 141 NGN

Yearly Trough Low 193 NGN

Transaction Impact: A difference of 187.97 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0786

0.0375

JanuMarcMayJulySeptNove

STD to NGN Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 0.0599, compared to 0.0721 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0122 points.

H1 Avg (Jan–Jun) 0.0599

H2 Avg (Jul–Dec) 0.0721

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 0.0315 NGN (High: 0.0721 / Low: 0.0406). On the other end, October was the most stable month, with a tight range of 0.0023 NGN (High: 0.0750 / Low: 0.0727).

February Spread (Volatile) ±0.0315

October Spread (Stable) ±0.0023

Growth Streaks & Declines

Trends

Between April and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0112 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0112

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 0.0751) against the same month in 2023 (average: 0.0359), the exchange rate shifted by +0.0392 (+109.08%).

2024 Avg (November) 0.0751

2023 Avg (November) 0.0359

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0430	0.0386	0.0409
February	0.0721	0.0406	0.0617
March	0.0723	0.0626	0.0686
April	0.0638	0.0539	0.0574
May	0.0679	0.0554	0.0636
June	0.0681	0.0631	0.0670
July	0.0746	0.0631	0.0682
August	0.0745	0.0707	0.0717
September	0.0749	0.0713	0.0733
October	0.0750	0.0727	0.0735
November	0.0761	0.0737	0.0751
December	0.0755	0.0693	0.0705